Strong profits now, but Air NZ sees headwinds rising

Strong profits now, but Air NZ sees headwinds rising
Greg Foran (middle) takes part in the CEO panel at the IATA AGM in Istanbul. (Image: BusinessDesk)
Pattrick Smellie
Air New Zealand is “adjusting the narrative” of its post-covid recovery, says chief executive Greg Foran, who believes the current period of strong profitability will give way to a period of intensifying cost pressures.The airline’s approach since the onset of covid had been in three phases: first, to survive covid, second, to revive, and third to thrive, said Foran in an interview with BusinessDesk at the International Air Transport Association (IATA) annual meeting in Istanbul.IATA issued new analysis at the meeting showing...

More Markets

NZ sharemarket rises strongly on power company gains
Markets Market Close

NZ sharemarket rises strongly on power company gains

Positive day for Mercury and Meridian as well as a2 Milk despite gloom on global front. 

Why MCK’s failed takeover lost Sharesies a customer
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Inside Ebos’s ‘revolutionary’ $1.1 billion deal
Markets

Inside Ebos’s ‘revolutionary’ $1.1 billion deal

In 2013, Ebos swallowed a giant. Now it’s the end of an era.